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Reliance NU Energies Wins 350 MW Solar Project with 175 MW Battery Storage at Rs3.33/kWh Tariff May 29 2025Stock News

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Reliance NU Energies, a subsidiary of Reliance Power Limited, has secured a landmark order for a 350 MW Inter-State Transmission System (ISTS) solar project integrated with a 175 MW Battery Energy Storage System (BESS). The project was awarded at a competitive tariff of Rs 3.33 per kilowatt-hour (kWh), marking a significant step in India's renewable and energy storage roadmap.

This win significantly boosts Reliance’s green energy capacity, taking its solar project portfolio to 2.4 GW and energy storage pipeline to over 2.5 GWh, strengthening its position in the renewable energy sector.

Project Highlights

  • Total Capacity:

    • 350 MW of solar energy under ISTS

    • 175 MW of Battery Energy Storage

  • Tariff: Rs 3.33/kWh – indicating price competitiveness for hybrid systems

  • Technology:

    • High-efficiency PV modules

    • Lithium-ion based BESS for energy balancing and grid stability

  • Awarding Body: Likely secured under SECI (Solar Energy Corporation of India) or a similar central bidding agency focused on hybrid energy deployments

Strategic Relevance for Reliance NU Energies

This project represents Reliance NU Energies’ transition into advanced energy infrastructure, blending generation with real-time storage. Hybrid energy models like solar + storage are vital for ensuring round-the-clock power supply and reducing dependence on fossil fuels.

How This Project Strengthens Their Portfolio

  • Diversifies Asset Base: Shifts from pure-play solar to solar-plus-storage model

  • Enables Grid Stability: Supports peak-load balancing and time-shifted energy dispatch

  • Strengthens ISTS Market Presence: Adds more projects to the Inter-State Transmission System, a key national grid scheme

  • Supports RE100 Vision: Aligns with Reliance Group’s broader sustainability goals under Mission Net-Zero

India’s Push for Green Energy

India’s energy sector is rapidly evolving with increasing demand for hybrid power projects that include both renewable generation and energy storage to handle variability. The government has been promoting such bids through ISTS-connected tenders that ensure power availability across states with centralized management.

Battery storage is emerging as a critical enabler of this transition, and companies like Reliance NU Energies are positioning themselves at the forefront of this clean-tech revolution.

Reliance Power’s Renewable Vision

Reliance Power, through its clean energy arms like Reliance NU Energies, is steadily building its reputation as a future-focused energy player. With a vision to be a key contributor to India’s 500 GW non-fossil fuel energy target by 2030, this new project reinforces the group’s long-term strategy.

This order win will also act as a catalyst in scaling renewable infrastructure while ensuring reliable, clean, and affordable energy for all.

In Summary:

  • 350 MW ISTS solar project + 175 MW BESS awarded at Rs 3.33/kWh

  • Boosts Reliance NU Energies’ solar capacity to 2.4 GW and storage to 2.5+ GWh

  • Supports India's national energy storage roadmap

  • Aligns with Reliance Group’s net-zero and clean energy commitments

Written by Indira Securities SEBI Registered with 30 plus years of experience in Stock Market!!!

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